๐จ๐ฆ๐ฐ CANADA'S HISTORIC $12,000 HOUSING CREDIT FOR FIRST-TIME BUYERS
๐น Federal budget 2027 introduces $12,000 non-repayable grant for first home purchases โ biggest housing policy in Canadian history ๐
๐น Applies to homes under $600,000 nationwide, $800,000 in Toronto/Vancouver โ targeting young families specifically ๐
๐น Program launches September 2027, pre-approval starts June โ expected to help 180,000+ Canadians annually ๐
๐น Combined with existing $35,000 RRSP withdrawal โ total $47,000 first-time buyer support available โญ
Save this if you're planning to buy your first home in Canada โ forward to friends who need it ๐ฒ๐
#CanadaNews #housing
@canada
๐น Federal budget 2027 introduces $12,000 non-repayable grant for first home purchases โ biggest housing policy in Canadian history ๐
๐น Applies to homes under $600,000 nationwide, $800,000 in Toronto/Vancouver โ targeting young families specifically ๐
๐น Program launches September 2027, pre-approval starts June โ expected to help 180,000+ Canadians annually ๐
๐น Combined with existing $35,000 RRSP withdrawal โ total $47,000 first-time buyer support available โญ
Save this if you're planning to buy your first home in Canada โ forward to friends who need it ๐ฒ๐
#CanadaNews #housing
@canada
๐คก4โค2๐1
๐ ๐ CANADA HOUSING MARKET STAGNATES IN 2026 โ PRICES FLAT, SALES WEAK
๐น National home price growth hits near-zero at 0-1% in 2026 โ market described as "stalled" rather than rebounding or crashing ๐ฏ
๐น Ontario prices down -4%, BC down -1% while other provinces see modest gains โ major regional split in performance ๐
๐น CREA forecasts only 474,972 MLS sales (+1% vs 2025) with average price CAD 688,955 โ sluggish growth across all metrics ๐ฐ
TD Economics warns "demand delayed, not destroyed" as buyers sit on sidelines due to affordability concerns ๐ซ
Share this housing update with anyone looking to buy or sell ๐ฒ๐ก
#CanadaNews #housing
@canada
๐น National home price growth hits near-zero at 0-1% in 2026 โ market described as "stalled" rather than rebounding or crashing ๐ฏ
๐น Ontario prices down -4%, BC down -1% while other provinces see modest gains โ major regional split in performance ๐
๐น CREA forecasts only 474,972 MLS sales (+1% vs 2025) with average price CAD 688,955 โ sluggish growth across all metrics ๐ฐ
TD Economics warns "demand delayed, not destroyed" as buyers sit on sidelines due to affordability concerns ๐ซ
Share this housing update with anyone looking to buy or sell ๐ฒ๐ก
#CanadaNews #housing
@canada
โค3
๐จ๐ฆ๐ HAMILTON HOME PRICES DROP 1.7% YEAR-OVER-YEAR TO $777,612
๐น Hamilton average home price now $777,612 โ down from $790,000 last April ๐
๐น Benchmark price hits $737,600 in Burlington region, down 7.5% annually ๐๏ธ
๐น Condos hit hardest โ apartment prices crash 16% to just $381,000 ๐ฅ
๐น Detached homes drop 2.5% to $859,000 while semi-detached falls 10.4% to $610,000 ๐
๐น Market shows 4.6 months supply โ balanced conditions returning after years of frenzy โ๏ธ
Prices now below April 2021 levels โ pandemic gains completely erased ๐
Share this with anyone house hunting in the Golden Horseshoe ๐ฒ๐จ๐ฆ
#CanadaNews #housing
@canada
๐น Hamilton average home price now $777,612 โ down from $790,000 last April ๐
๐น Benchmark price hits $737,600 in Burlington region, down 7.5% annually ๐๏ธ
๐น Condos hit hardest โ apartment prices crash 16% to just $381,000 ๐ฅ
๐น Detached homes drop 2.5% to $859,000 while semi-detached falls 10.4% to $610,000 ๐
๐น Market shows 4.6 months supply โ balanced conditions returning after years of frenzy โ๏ธ
Prices now below April 2021 levels โ pandemic gains completely erased ๐
Share this with anyone house hunting in the Golden Horseshoe ๐ฒ๐จ๐ฆ
#CanadaNews #housing
@canada
โค4
๐จ๐ฆ๐ STATISTICS CANADA: NEW IMMIGRANTS ACHIEVING HOMEOWNERSHIP FASTER DESPITE HOUSING CRISIS
๐น Recent newcomers becoming homeowners faster than previous cohorts โ homeownership rate jumped to 40.2% by year 5 in Ontario ๐
๐น Canadian-born ownership rates fell from 50.7% to 47.8% for ages 25-54 during same period ๐
๐น BC immigrants pay median $660K for homes vs $580K for Canadian-born buyers โ higher leverage creates risks โ ๏ธ
๐น Maritime provinces see immigrant homeownership rates now match Canadian-born residents ๐
Save this if you are planning to buy in Canada! ๐ฒ๐จ๐ฆ
#CanadaNews #housing
@canada
๐น Recent newcomers becoming homeowners faster than previous cohorts โ homeownership rate jumped to 40.2% by year 5 in Ontario ๐
๐น Canadian-born ownership rates fell from 50.7% to 47.8% for ages 25-54 during same period ๐
๐น BC immigrants pay median $660K for homes vs $580K for Canadian-born buyers โ higher leverage creates risks โ ๏ธ
๐น Maritime provinces see immigrant homeownership rates now match Canadian-born residents ๐
Save this if you are planning to buy in Canada! ๐ฒ๐จ๐ฆ
#CanadaNews #housing
@canada
โค7
๐๏ธโ ๏ธ CANADIAN MUNICIPALITIES SOUND ALARM ON IMMIGRATION POLICY CUTS
๐น Local governments warn Ottawa's immigration target reductions are crushing municipal housing systems nationwide ๐ ๐ฅ
๐น Labour market shortages intensifying as skilled worker intake drops far below actual community workforce demands ๐ท๐
๐น Cities caught in impossible squeeze: federal policy changes vs on-ground housing and employment pressures mounting daily ๐ฐ
Time for Ottawa to listen to cities who deal with immigration effects daily! Forward to local politicians who need to see this ๐ฒ๐จ๐ฆ
#CanadaNews #housing
๐ This affects more people than you think ๐ฒ
@canada
๐น Local governments warn Ottawa's immigration target reductions are crushing municipal housing systems nationwide ๐ ๐ฅ
๐น Labour market shortages intensifying as skilled worker intake drops far below actual community workforce demands ๐ท๐
๐น Cities caught in impossible squeeze: federal policy changes vs on-ground housing and employment pressures mounting daily ๐ฐ
Time for Ottawa to listen to cities who deal with immigration effects daily! Forward to local politicians who need to see this ๐ฒ๐จ๐ฆ
#CanadaNews #housing
๐ This affects more people than you think ๐ฒ
@canada
โค7๐คก2๐ฅด2
๐จ๐ฆ๐ข BC AND OTTAWA LAUNCH THREE BILLION CONDO RESCUE PLAN AMID CRITICISM
๐น Over 4,300 empty condos in Metro Vancouver โ 76% increase year-over-year ๐
๐น Government to buy vacant units at discount, convert to affordable housing ๐
๐น Critics call it developer bailout as one-third cost over $1 million each ๐ฐ
Carney-Eby plan targets priority growth areas while cutting development fees by half to save builders up to $40,000 per unit โก
Share with anyone house hunting in Vancouver ๐
#CanadaNews #housing
โจ More breaking stories coming soon ๐
๐ The numbers don't lie. Stay tuned for updates ๐ฑ
@canada
๐น Over 4,300 empty condos in Metro Vancouver โ 76% increase year-over-year ๐
๐น Government to buy vacant units at discount, convert to affordable housing ๐
๐น Critics call it developer bailout as one-third cost over $1 million each ๐ฐ
Carney-Eby plan targets priority growth areas while cutting development fees by half to save builders up to $40,000 per unit โก
Share with anyone house hunting in Vancouver ๐
#CanadaNews #housing
โจ More breaking stories coming soon ๐
๐ The numbers don't lie. Stay tuned for updates ๐ฑ
@canada
โค7๐คฌ2
๐๏ธ๐จ๐ฆ CARNEY'S CONDO CONVERSION PLAN DRAWS BACKLASH โ "IT'S A BAILOUT"
๐น PM Carney and BC Premier Eby announced a plan to buy 2,200 vacant condo units in Vancouver and convert them into affordable housing via Build Canada Homes and BC Housing ๐๏ธ๐
๐น The deal also includes $3.2B over 10 years to cut municipal development charges by up to 50%, saving up to $40,000 per housing unit ๐ฐ๐
๐น Housing analyst Ben Rabidoux called it "clearly a bailout" โ arguing those funds should go to new purpose-built rentals at lower cost to taxpayers ๐ฅ๐ธ
Save this and share with friends ๐ฒ๐๐จ๐ฆ
#CanadaNews #housing
@canada
๐น PM Carney and BC Premier Eby announced a plan to buy 2,200 vacant condo units in Vancouver and convert them into affordable housing via Build Canada Homes and BC Housing ๐๏ธ๐
๐น The deal also includes $3.2B over 10 years to cut municipal development charges by up to 50%, saving up to $40,000 per housing unit ๐ฐ๐
๐น Housing analyst Ben Rabidoux called it "clearly a bailout" โ arguing those funds should go to new purpose-built rentals at lower cost to taxpayers ๐ฅ๐ธ
Save this and share with friends ๐ฒ๐๐จ๐ฆ
#CanadaNews #housing
@canada
โค4๐3๐คฎ1
๐ ๐จ๐ฆ CANADIAN CITY BUILDS 8 TINY HOMES IN 72 HOURS FOR HOMELESS YOUTH
๐น The Tiny Hope Project in St. Thomas, Ontario built 8 microhomes in just 72 hours using volunteers โ led by YWCA St. Thomas-Elgin with Sanctuary Homes and Doug Tarry Homes Ltd ๐๏ธ๐ช
๐น The goal is 40 affordable microhomes by summer 2026, prioritizing women, youth, and families on local housing and homeless waiting lists ๐ฏ๐จโ๐ฉโ๐ง
๐น In the region, 1 in 5 people live in poverty and about 100 youth are homeless on any given night โ making this project a lifeline ๐ขโค๏ธ
Share this inspiring story with your community ๐ฒ๐
#CanadaNews #housing
@canada
๐น The Tiny Hope Project in St. Thomas, Ontario built 8 microhomes in just 72 hours using volunteers โ led by YWCA St. Thomas-Elgin with Sanctuary Homes and Doug Tarry Homes Ltd ๐๏ธ๐ช
๐น The goal is 40 affordable microhomes by summer 2026, prioritizing women, youth, and families on local housing and homeless waiting lists ๐ฏ๐จโ๐ฉโ๐ง
๐น In the region, 1 in 5 people live in poverty and about 100 youth are homeless on any given night โ making this project a lifeline ๐ขโค๏ธ
Share this inspiring story with your community ๐ฒ๐
#CanadaNews #housing
@canada
๐ก๐จ๐ฆ QUEBEC CITY: THE ONLY CANADIAN CITY WHERE HOUSING GOT LESS AFFORDABLE
๐น A Royal LePage survey of 62 major cities found Quebec City is the ONLY one where affordability worsened โ mortgage costs climbed 1.6% since 2024 while everywhere else improved ๐๐ฎ
๐น Quebec City also posted the highest year-over-year home price increase for 8 consecutive quarters โ as buyers flee Toronto, Vancouver, and Montreal for cheaper markets ๐๏ธ๐ธ
๐น Royal LePage CEO Phil Soper says soft demand in major centres is pushing people to affordable regions โ but Quebec City's popularity is now eroding its own affordability edge ๐๐
Share with anyone house-hunting in Canada ๐ฒ๐๐จ๐ฆ
#CanadaNews #housing
@canada
๐น A Royal LePage survey of 62 major cities found Quebec City is the ONLY one where affordability worsened โ mortgage costs climbed 1.6% since 2024 while everywhere else improved ๐๐ฎ
๐น Quebec City also posted the highest year-over-year home price increase for 8 consecutive quarters โ as buyers flee Toronto, Vancouver, and Montreal for cheaper markets ๐๏ธ๐ธ
๐น Royal LePage CEO Phil Soper says soft demand in major centres is pushing people to affordable regions โ but Quebec City's popularity is now eroding its own affordability edge ๐๐
Share with anyone house-hunting in Canada ๐ฒ๐๐จ๐ฆ
#CanadaNews #housing
@canada
โค4
๐ ๐ฐ CANADA COMMITS $15.83B TO HOUSING BUT AVOIDS PRICE CUTS
๐น Federal program targets 61,700 new housing units + 174,700 repairs by March 2026 ๐๏ธ
๐น Bank of Canada shows widespread affordability concerns despite inflation targets ๐
๐น Critics say Liberals expand affordability without reducing property values ๐ฏ
๐น Hamilton groundbreaking showcases mixed-income partnerships with municipalities ๐ค
Strategy prioritizes supply expansion over price correction โ affecting renters and first-time buyers. Regional gaps persist with affordable options available! ๐
Save this for housing planning discussions ๐๐จ๐ฆ
#CanadaNews #housing
@canada
๐น Federal program targets 61,700 new housing units + 174,700 repairs by March 2026 ๐๏ธ
๐น Bank of Canada shows widespread affordability concerns despite inflation targets ๐
๐น Critics say Liberals expand affordability without reducing property values ๐ฏ
๐น Hamilton groundbreaking showcases mixed-income partnerships with municipalities ๐ค
Strategy prioritizes supply expansion over price correction โ affecting renters and first-time buyers. Regional gaps persist with affordable options available! ๐
Save this for housing planning discussions ๐๐จ๐ฆ
#CanadaNews #housing
@canada
โค3
๐จ๐ฆ๐๏ธ๐ฐ Canada Launches $51B Build Communities Strong Fund โ Housing Infrastructure Push!
๐น $51 billion over 10 years starting 2026-27 + $3B/year ongoing for infrastructure enabling more housing construction ๐ง๐ช
๐น Toronto gets $1.5B federal commitment โ city reduces development charges 40-60% to make homebuilding cheaper โก๐
๐น BC partnership over $5B for 10-year infrastructure accelerating homebuilding across province ๐ฒโญ
๐น Immigration reset cutting arrivals โ asylum claims down 1/3, temporary foreign workers halved ๐๐
Federal gov finally coordinating housing supply with population ๐๏ธ Share with house hunters! ๐ฑ
#CanadaNews #housing
@canada
๐น $51 billion over 10 years starting 2026-27 + $3B/year ongoing for infrastructure enabling more housing construction ๐ง๐ช
๐น Toronto gets $1.5B federal commitment โ city reduces development charges 40-60% to make homebuilding cheaper โก๐
๐น BC partnership over $5B for 10-year infrastructure accelerating homebuilding across province ๐ฒโญ
๐น Immigration reset cutting arrivals โ asylum claims down 1/3, temporary foreign workers halved ๐๐
Federal gov finally coordinating housing supply with population ๐๏ธ Share with house hunters! ๐ฑ
#CanadaNews #housing
@canada
โค6๐ค4๐2
๐๏ธ๐ฅ POILIEVRE DEMANDS ETHICS PROBE INTO OTTAWA'S BC CONDO PLAN
๐น Federal govt plans to buy 2,200 unsold BC condos, convert to affordable rent-to-own units ๐
๐น Conservative leader calls it "developer bailout" - demands urgent Commons Ethics Committee meeting ๐
๐น PM Mark Carney defends plan: "We don't care about the developer, we care about families" ๐จโ๐ฉโ๐งโ๐ฆ
๐น BC Premier Eby hints plan may not proceed if political backlash continues ๐ซ
Opposition says taxpayers shouldn't rescue "bankers and investors" from bad investments ๐ฐ
Share this with anyone following Canadian housing policy ๐ฒ๐จ๐ฆ
#CanadaNews #housing
๐น Federal govt plans to buy 2,200 unsold BC condos, convert to affordable rent-to-own units ๐
๐น Conservative leader calls it "developer bailout" - demands urgent Commons Ethics Committee meeting ๐
๐น PM Mark Carney defends plan: "We don't care about the developer, we care about families" ๐จโ๐ฉโ๐งโ๐ฆ
๐น BC Premier Eby hints plan may not proceed if political backlash continues ๐ซ
Opposition says taxpayers shouldn't rescue "bankers and investors" from bad investments ๐ฐ
Share this with anyone following Canadian housing policy ๐ฒ๐จ๐ฆ
#CanadaNews #housing
โค2๐1
๐ ๐ TORONTO HOUSING MARKET DEFIES NATIONAL SLUMP โ DETACHED HOMES UP 15%
๐น Toronto detached homes surge 15% year-to-date despite weak national sales ๐
๐น GTA listings up 67% yet average prices stable at $1.16M in June ๐ฐ
๐น Canada home sales growth downgraded from 5% to just 1% for 2026 ๐
๐น National market showing 42 days on market amid economic slowdown โฐ
๐น Rate-sensitive environment keeping buyer demand constrained nationwide ๐ธ
Toronto proving resilient while rest of Canada struggles! Inventory surge yet prices holding firm. Share with anyone tracking real estate trends ๐ฒ๐จ๐ฆ
#CanadaNews #housing
@canada
๐น Toronto detached homes surge 15% year-to-date despite weak national sales ๐
๐น GTA listings up 67% yet average prices stable at $1.16M in June ๐ฐ
๐น Canada home sales growth downgraded from 5% to just 1% for 2026 ๐
๐น National market showing 42 days on market amid economic slowdown โฐ
๐น Rate-sensitive environment keeping buyer demand constrained nationwide ๐ธ
Toronto proving resilient while rest of Canada struggles! Inventory surge yet prices holding firm. Share with anyone tracking real estate trends ๐ฒ๐จ๐ฆ
#CanadaNews #housing
@canada
โค1
๐จ๐ฆ๐ ๐ Canada Immigration Cuts Finally Cool Housing Market โ Renters Benefit!
๐น Immigration targets reduced to 380,000 annually for 2026-2028 โ down from peak 500K plans, temporary residents cut from 6.5% to 5% of population ๐๐ฅ
๐น National rents declining 16 consecutive months to $2,057 average โ Toronto condo asking rents falling fastest due to fewer new immigrants and rising vacancies ๐๐ฐ
Smaller immigration = more rental choice + slower rent growth โ good news for tenants! ๐ฏ๐
๐ก Knowledge is power. Forward this now ๐ฒ
๐ฅ Share this with someone who needs to know ๐ฒ
#Canada #Housing #Immigration
@canada
๐น Immigration targets reduced to 380,000 annually for 2026-2028 โ down from peak 500K plans, temporary residents cut from 6.5% to 5% of population ๐๐ฅ
๐น National rents declining 16 consecutive months to $2,057 average โ Toronto condo asking rents falling fastest due to fewer new immigrants and rising vacancies ๐๐ฐ
Smaller immigration = more rental choice + slower rent growth โ good news for tenants! ๐ฏ๐
๐ก Knowledge is power. Forward this now ๐ฒ
๐ฅ Share this with someone who needs to know ๐ฒ
#Canada #Housing #Immigration
@canada
โค4๐ค4๐1
๐ ๐ CANADA HOUSING MARKET COOLS AS IMMIGRATION CUTS TAKE EFFECT
๐น CMHC reports rental demand declining due to lower international migration in B.C. and Ontario ๐
๐น Housing starts expected to drop in 2026 while sales may increase modestly due to lower prices ๐
๐น Rent growth pressure easing in Toronto and Vancouver as new supply outpaces demand ๐ฐ
๐น Economists predict biggest impact on rental markets first, then broader housing prices โฑ๏ธ
Federal immigration target reductions are finally showing impact on Canada's overheated housing market. Affordability may improve gradually ๐ฏ
Share with anyone house hunting in Canada ๐ฒ๐ก
#CanadaNews #housing
@canada
๐น CMHC reports rental demand declining due to lower international migration in B.C. and Ontario ๐
๐น Housing starts expected to drop in 2026 while sales may increase modestly due to lower prices ๐
๐น Rent growth pressure easing in Toronto and Vancouver as new supply outpaces demand ๐ฐ
๐น Economists predict biggest impact on rental markets first, then broader housing prices โฑ๏ธ
Federal immigration target reductions are finally showing impact on Canada's overheated housing market. Affordability may improve gradually ๐ฏ
Share with anyone house hunting in Canada ๐ฒ๐ก
#CanadaNews #housing
@canada
โค6
๐จ๐ฆ๐๏ธ๐ฐ Canada Housing Crisis Deepens as Prices Surge Despite Rate Cuts!
๐น Average home price hits $847K nationally โ up 8.2% year-over-year despite Bank of Canada's efforts to cool market! ๐ ๐
๐น Vancouver tops $1.9M average while Toronto reaches $1.6M, forcing young buyers into smaller communities! ๐ธ๐๏ธ
๐น Rental vacancy drops to 1.2% across major cities as supply fails to meet surging population growth demands! ๐๐
๐น Government promises action โ new federal housing fund targets 250K affordable units by 2028 construction timeline! ๐๏ธโฑ๏ธ
Canadian dream getting harder to reach ๐ฏ Save for housing market watchers ๐ฒ๐
#Canada #Housing #Toronto
@canada
๐น Average home price hits $847K nationally โ up 8.2% year-over-year despite Bank of Canada's efforts to cool market! ๐ ๐
๐น Vancouver tops $1.9M average while Toronto reaches $1.6M, forcing young buyers into smaller communities! ๐ธ๐๏ธ
๐น Rental vacancy drops to 1.2% across major cities as supply fails to meet surging population growth demands! ๐๐
๐น Government promises action โ new federal housing fund targets 250K affordable units by 2028 construction timeline! ๐๏ธโฑ๏ธ
Canadian dream getting harder to reach ๐ฏ Save for housing market watchers ๐ฒ๐
#Canada #Housing #Toronto
@canada
โค5
๐ ๐จ๐ฆ๐ HOUSING AFFORDABILITY "GRADUALLY IMPROVING" โ But Population Surge Creates New Pressures
๐น Higher interest rates cool price growth in major markets, bank analysis shows modest improvement trends ๐
๐น CMHC expands first-time buyer incentives and increases affordable housing project funding ๐ฐ
๐น Immigration surge of 1M+ annually drives demand faster than new construction supply can match ๐๏ธ
Youth and first-time buyers still locked out while governments race to accelerate building capacity ๐
Tag someone house hunting in Canada ๐ฒ๐
#CanadaNews #housing
๐ก Knowledge is power. Forward this now ๐ฒ
@canada
๐น Higher interest rates cool price growth in major markets, bank analysis shows modest improvement trends ๐
๐น CMHC expands first-time buyer incentives and increases affordable housing project funding ๐ฐ
๐น Immigration surge of 1M+ annually drives demand faster than new construction supply can match ๐๏ธ
Youth and first-time buyers still locked out while governments race to accelerate building capacity ๐
Tag someone house hunting in Canada ๐ฒ๐
#CanadaNews #housing
๐ก Knowledge is power. Forward this now ๐ฒ
@canada
โค9
๐จ๐ฆ๐ข NEWFOUNDLAND ANNOUNCES 344 NEW AFFORDABLE HOUSING UNITS WORTH $31M
๐น 344 affordable units across 33 projects โ including Conception Bay South getting major support ๐๏ธ๐ฐ
๐น Province responds to rising housing costs and limited affordable stock โ rental crisis hitting Atlantic Canada hard ๐โ ๏ธ
๐น Calgary estimates $500M/year needed for 3,000 non-market units annually to reach national average ๐ธ๐
๐น Federal support also announced for Indigenous-led transitional housing in Brantford โ Ojistoh House project moving forward โ๐
Finally some real action on the housing crisis โ share this with anyone house-hunting ๐ฒ๐จ๐ฆ
#CanadaNews #housing #affordability
@canada
๐น 344 affordable units across 33 projects โ including Conception Bay South getting major support ๐๏ธ๐ฐ
๐น Province responds to rising housing costs and limited affordable stock โ rental crisis hitting Atlantic Canada hard ๐โ ๏ธ
๐น Calgary estimates $500M/year needed for 3,000 non-market units annually to reach national average ๐ธ๐
๐น Federal support also announced for Indigenous-led transitional housing in Brantford โ Ojistoh House project moving forward โ๐
Finally some real action on the housing crisis โ share this with anyone house-hunting ๐ฒ๐จ๐ฆ
#CanadaNews #housing #affordability
@canada
โค12๐ค4
๐ ๐๏ธ OTTAWA FORCES MID-RISE ZONING ON TORONTO โ HOUSING DENSITY MANDATE BY 2027
๐น Federal government overrides local zoning โ cities must permit 6-storey apartments by 2027 ๐
๐น Toronto housing costs up 34% since 2019 โ downtown 1BR avg $2,180/month per CMHC ๐ฐ
๐น Canada needs 3.2 million new homes by 2031 to restore affordability nationwide ๐๏ธ
๐น Toronto loses $180M infrastructure grants if density quotas not met by December 2027 โ ๏ธ
๐น Forest Hill, Rosedale & Danforth areas face potential apartment building rezoning ๐
If you're shopping Toronto real estate this fall, save this update ๐๐ก
#CanadaNews #housing
@canada
๐น Federal government overrides local zoning โ cities must permit 6-storey apartments by 2027 ๐
๐น Toronto housing costs up 34% since 2019 โ downtown 1BR avg $2,180/month per CMHC ๐ฐ
๐น Canada needs 3.2 million new homes by 2031 to restore affordability nationwide ๐๏ธ
๐น Toronto loses $180M infrastructure grants if density quotas not met by December 2027 โ ๏ธ
๐น Forest Hill, Rosedale & Danforth areas face potential apartment building rezoning ๐
If you're shopping Toronto real estate this fall, save this update ๐๐ก
#CanadaNews #housing
@canada
โค15
๐ ๐ CANADA HOUSING MARKET SHOWS FIRST SIGNS OF RECOVERY
๐น National home prices hit first monthly gain in 16 months โ MLS Composite logged +0.05% in June to CAD 657,700 after prolonged stabilization period ๐
๐น Sales rose 0.5% month-over-month for third straight month โ 38,014 transactions in June signals gradual recovery from winter market lows across provinces ๐
๐น Bank of Canada holds rate at 2.25% through July โ prime rate steady at 4.45% supports balanced market with 4.8-month inventory supply ๐ฆ
Condo prices gained 0.65% first time in nearly three years. Share with friends watching the market ๐ฒ
#CanadaNews #Housing
@canada ๐
๐น National home prices hit first monthly gain in 16 months โ MLS Composite logged +0.05% in June to CAD 657,700 after prolonged stabilization period ๐
๐น Sales rose 0.5% month-over-month for third straight month โ 38,014 transactions in June signals gradual recovery from winter market lows across provinces ๐
๐น Bank of Canada holds rate at 2.25% through July โ prime rate steady at 4.45% supports balanced market with 4.8-month inventory supply ๐ฆ
Condo prices gained 0.65% first time in nearly three years. Share with friends watching the market ๐ฒ
#CanadaNews #Housing
@canada ๐
โค8